From the 1st of January 2018, some French VAT registered companies will be required to use a certified anti-VAT fraud software that meets new requirements.
According to paragraph 3 bis of Article 286 of the General French Tax Code, the companies concerned will be those registered for VAT in France which record their customers’ payments by means of accounting or management software or a cash register system.
The purpose of the software will be to better manage the inalterability, security, retention and archiving of the accounting or management software data or the cash register system, to enable the tax authorities to check that information effectively.
To comply with this new requirement, a business must have their software certified by the editor of the software attesting that the software meets the above requirements. The business will have to keep this certificate should it have to be presented to the tax authorities when required.